Arizona native and Los Angeles Angels owner Arturo "Arte" Moreno has sold his controlling interest in the team to Kroenke Sports and Entertainment.
ESPN reported the news on Tuesday, Sept. 1. The Angels later issued a statement confirming the sale.
Kroenke Sports and Entertainment is led by Stan Kroenke. The group owns the NFL’s Los Angeles Rams, the team's homefield SoFi Stadium and its Hollywood Park campus around the arena, NBA's Denver Nuggets, NHL’s Colorado Avalanche, Major League Soccer’s Colorado Rapids and SoFi Stadium, Arsenal F.C. of the English Premier League.
Moreno, who's from Tucson and graduated from the University of Arizona, bought the Angels from The Walt Disney Company in 2003, the year after they won their only World Series
title. He was the first Latino majority owner in the MLB.
Moreno, who lives in Phoenix, became a billionaire largely through his billboard advertising company Outdoor Systems, which he sold in 1998 for $8 billion.
"The Angels are a storied franchise anchored in a great market," Kroenke said in a statement. "We look forward to an exciting future with the Angels organization."
The team statement said the Moreno Family's sale is "expected to close in the first quarter of 2027."
OFFICIAL: Kroenke Sports & Entertainment ("KSE") announced that it has entered into a definitive agreement to acquire a controlling interest in the Los Angeles Angels Baseball Club from the Moreno Family.
— Los Angeles Angels (@Angels) September 1, 2026
The transaction is expected to close in the first quarter of 2027, subject… pic.twitter.com/sy60AAz5Bp
The Angels conduct their spring training as part of the Cactus League in Tempe at their practice complex surrounding Tempe Diablo Stadium.
This article originally appeared on Arizona Republic: Arizona billionaire Arte Moreno sells L.A. Angels MLB team
